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Western Asset Mortgage (WMC) in Focus: Stock Moves 6.6% Higher

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Western Asset Mortgage Capital Corporation (WMC - Free Report) was a big mover last session, as the company saw its shares rise nearly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company—as the stock is now down 60.6% in the past one-month time frame.

The company has seen one negative estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Western Asset Mortgage currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Western Asset Mortgage Capital Corporation Price

A better-ranked stock in the REIT and Equity Trust industry is ARMOUR Residential REIT, Inc. ARR, which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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